2415 Prince StConway, AR 72034

Property Details for 2415 Prince St

Year built

1999

Lot size

0.83 AC

Property size (Sq ft)

3,090 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

710-08380-005

APU

71008380005

Description

This exceptional 9,030-square-foot medical office building in Conway, Arkansas, presents a compelling investment opportunity. Boasting a 7.50% cap rate and an asking price of $2,665,000 ($295.13/SF), this single-story property is situated on a 0.82-acre lot and zoned 0-1. The building is currently multi-tenant, occupied by two highly reputable companies: AXPM Dental Management, LLC, a regional dental management firm with over 100 locations, and LHC Group, a nationally recognized, publicly traded home health agency (NASDAQ: LHCG). This strategic location in the heart of Conway offers exceptional visibility and accessibility, surrounded by a thriving mix of medical, office, retail, and educational institutions. Nearby national retailers include Chick-fil-A and Walmart. The property's proximity to Central Baptist College (4-minute drive), Hendrix College (5-minute drive), and the University of Central Arkansas (3-minute drive) further enhances its appeal and potential for long-term growth. This is a rare opportunity to acquire a high-performing asset in a dynamic and expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $353,777

  6.5%

  $326,564

  7%

  $303,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $221,028

  Geo Method

  $221,028

• Alternative Use

  Use

  Valuation

  Residential

  $404,939

  Hospitality

  $370,922

  Educational

  $308,603

  Medical

  $319,216

  Retail

  $480,048

Location Insight

City

Conway

County

Faulkner

State

Arkansas

Latitude

35.0917

Longitude

-92.4613

CBSA code

30780

CBSA name

LITTLE ROCK-NORTH LITTLE ROCK, AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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